Day: September 13, 2020

Home Prices Up 13%, Biggest Increase Since 2013

September 11, 2020 by

Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief.

Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6:

  • Median home sale price increased 13% from 2019 to $319,178—the highest on record. The 13% year-over-year increase was the largest since October 2013.
    Pending home sales climbed 28% year over year, the largest increase since the four weeks ending August 2, 2015.
  • New listings of homes for sale were up 9% from a year ago—the largest increase
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Underbool, Ouyen, Walpeup: buyers swarm bargain homes near Mildura

29 Monash Ave, Underbool, has changed hands in a cash sale.

A house south of Mildura that went viral after being listed for the price of a luxury car has sold in a cheap-as-chips cash deal.

The three-bedroom house in Underbool, renowned as “the gateway to the Pink Lakes”, fetched $63,500 after accruing more than 20,000 views on to be one of the site’s most popular listings in recent weeks. This was slightly above its $60,000 asking price.

Burns & Co Mildura agent Ian Miers said the substantial 1244sq m property at 29 Monash Ave attracted about eight offers

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